With the allocation of 3,000 crore, Upeida, like the Bundelkhand Industrial Development Authority (BIDA), would be able to access the funding required for the construction of industrial corridors.
The state cabinet approved plans on Tuesday that included giving the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) loans with no interest to be used for the development of industrial corridors along existing or upcoming expressways in the state.
In order to improve the effectiveness of the “Nagariya Sadak Sudhar Yojana,” the Chief Minister’s Green Road Infrastructure Development Scheme (urban) guidelines were agreed at a meeting of the state cabinet, which was presided over by Yogi Adityanath.
At a meeting of the state cabinet, which was presided over by the chief minister Yogi Adityanath, guidelines for the Chief Minister’s Green Road Infrastructure Development Scheme (urban), or CM-GRIDS, were also approved. This initiative will increase the effectiveness of the “Nagariya Sadak Sudhar Yojana” and allow for the construction or reconstruction of roads that are 10 to 15 meters wide. The plan aims to build an urban road network that is secure, inclusive, and environmentally friendly.
Arvind Kumar Sharma, the minister of urban development, and Suresh Khanna, the minister of finance, provided information on the decisions made by the state cabinet.
The Upeida, like the Bundelkhand Industrial Development Authority (BIDA), would be able to draw the necessary funds for the purpose from this head, according to Khanna, who claimed that a sum of 3,000 crore had been allotted. He said that the money will be utilized as a loan with no interest to assist the project be finished on schedule.
500-cr road infrastructure plan
The construction of facilities and infrastructure, including as utility ducts, footpaths, green zones, solar street light installation, EV charging stations, bus stops, and beautification, would be carried out in accordance with the CM’s GRIDS standards. According to the press release, a provision of 500 crore has been included in the state budget for the plan that would allow for the development of green roads that are both cost-effective and emit less carbon.
The program permits the utilization of 10% of the funding for road repairs and pothole removal.
PHARMA PARK LAND
A proposal to transfer 1472.33 acres of land owned by the animal husbandry department in the villages of the Madavara and Mahrauni tehsils to the industrial development department so that Pharma Park may be built in Lalitpur was also accepted by the state cabinet. At the Global Investors’ Summit -2023, which was held in Lucknow from February 10 to 12, 2023, the government’s food and drug administration agency signed 184 memorandums of understanding (MoUs) including investments totaling $1,02356.55 crore with various pharmaceutical businesses. On the designated property, the Uttar Pradesh State Industrial Development Authority would build the pharmaceutical park.